Notes to SEFA
The accompanying schedule of expenditures of federal awards (The Schedule) includes the federal grant activity of Pine Oaks One, LLC under programs of the federal government for the year ended December 31, 2025. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Pine Oaks One, LLC, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Pine Oaks One, LLC.The dollar threshold used to distinguish Type A and Type B programs according to 2CFR 200.518(b)(1) is determined to be $1,000,000. All expenditures of federal awards on this Schedule were received directly from a federal agency. There were no awards received that were passed through to subrecipients.
Balances of loans and loan guarantee programs outstanding as of December 31, 2025 for loans described in 2 CFR section 200.502(b) are as follows: Assistance Listing Number 14.138 Program Name Mortgage Insurance Rental Housing for the Elderly (HUD Insured Section 223(f) mortgage) Outstanding balance as of 12/31/25 $4,342,310.